ATLANTA-ChemRex Inc. of Shakopee, MN has signed a five-year, 56,600-sf lease with an estimated value of $1.7 million at the 137,000-sf warehouse, 22 miles west of Downtown. The national construction products company is the first tenant in the three month-old building.
ATLANTA-The estimated value of the contract is $13 million. Rental rates in the market are between $18.50 per sf and $21.50 per sf. CarrAmerica Development Inc. of Washington, DC is erecting the $13-million, 90,000-sf office bulding.
ATLANTA-Cushman & Wakefield beefs up its presence in the industrial sector with the hiring of Pamela Zoellner, former vice president of real estate at GATX Logistics.
ATLANTA-Sellers of an 11-acre tract near the expanding Georgia World Congress Center and several other developments on the city's west side are leaving the price up to investors. Insignia/ESG is marketing the property.
ATLANTA-JDN Realty is trying again. The firm has named Lee S. Wielansky, co-founder of Midland Development Group, as president and CEO for its JDN Development Co. The company lost most of its top execs earlier this year and a replacement CEO in October.
ATLANTA-Despite prognosticators who, in the mid-1990s, predicted that digital technology would mean the demise of place and distance, both continue to exist--though irrevocably changed and changing.
ATLANTA- Locally-based Beers Construction Co. and Boston-based Beacon Skanska are building a one million-sf, $386 million terminal at Boston's Logan International Airport for Delta Air Lines. Completion is expected by fall 2004.
ATLANTA-ITW Mortgage Investments IV Inc. sold the midtown 28-story, 379,000-sf asset at 600 W. Peachtree St. for $35 million to CP Venture Three, a limited liability company comprised of Prudential Insurance Co. of America and locally-based Cousins Properties Inc.
ATLANTA-For three days this week, hundreds of interested parties--bigwigs and in-the-trenches folks--from all over the country are gathering in Atlanta to discuss the issues, direction, challenges, frustrations and successes of "smart growth." The Urban Land Institute's Partners for Smart Growth Conference is the draw.